Great Depression

When Herbert Hoover ran for president in 1928, the Republican party promised his victory would assure the prosperity of “a chicken in every pot.” This week, Republicans proffered a similar pledge to America. more »

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This Labor Day feels gloomy. It’s a celebration of work when there is not enough of it, a day off when too many desperately seek a day on.

America has commemorated two Labor Days since this brutal recession began near the end of George Bush’s presidency in December of 2007. more »

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A brutal competition pits worker against worker continually now in this country. Five unemployed people vie with each other for each available job. It’s like a cruel game of musical chairs, with five desperate competitors for one seat.

Workers who’ve lost cars to repossession and homes to foreclosure run around frantically trying to get that one job. more »

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If you're at all familiar with Michael Fox (the columnist, not the actor), and you're trying to decide if the current economic crisis is a recession or a full blown depression, he certainly makes it hard to be optimistic. Back in November, Mr. Fox reported that the New Depression had already begun. more »

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